On Monday, February 19th, 1917, Bankruptcy Referee Stone closed the books on the Montezuma Fibre Company, ending the short history of a business now forgotten. The company was $69,876 dollars in debt and the investors of the company were going to lose all. After ten years of business, the company had only $1,619 left in the bank.
The Montezuma Fibre Company had it origins in 1906 when Eugene Kimmey of Syracuse came up with a process to use flag (what we now call cat tails) as the main ingredient in making a heavy weight, cardboard like paper. The 20,000 acres of Montezuma swamps were filled with “Montezuma wheat”, or flag. It grew wild, it was easy to harvest and the land it grew on was cheap. In the late 1800’s many locals supplemented their income by harvesting and shipping flag to distant cities for use in the making chair seats and caulking barrels. But for all their efforts these men barely made a small dent in the vast swamp filled with cat tails. Thus, the raw material sat waiting for someone to invent a way to use it. Continue reading